28 Mar '17, 12pm

As Energy Mix Becomes Cleaner, Minnesotans Paying Less for It

Consumers have seen flat or declining energy costs as renewable energy becomes a greater part of the energy mix of Minnesota and the nation. That’s one of the findings in the annual 2017 Sustainable Energy in America Factbook , published by Bloomberg New Energy Finance in partnership with the Business Council for Sustainable Energy. The report points out that in the U.S., renewable energy, greater energy efficiency and low natural gas and gasoline prices have combined to drive down energy costs — as a percent of total household spending — to its lowest level in decades, according to business council president Lisa Jacobson. Energy spending in 2016 represented 3.9 percent of household expenditures, the first time the figure dropped below 4 percent ever, based on data from the Bureau of Economic Analysis, she said. The bureau began reporting on energy in 1959. “Consumers hav...

Full article: http://www.renewableenergyworld.com/articles/2017/03/as-e...

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